Bankruptcy and commercial law expert Elizabeth Warren explains how taxpayer money is being spent in the financial bailout program. A professor at Harvard Law School, Warren chairs the oversight panel appointed by Congress to monitor the spending of the $700 billion bailout money. The committee issues its first report on Dec. 10.
committee report: http://cop.senate.gov/documents/cop-121008-report.pdf
from http://www.npr.org/templates/story/story.php?storyId=98123372
Foreclosures Threaten Economy
According to a report issued Mar. 6, 2009 by the Congressional Oversight Panel charged with monitoring the use of bailout funds, the rate of home foreclosure is now three times its historic rate — "so large that it threatens the entire economy."
Panel chairwoman Elizabeth Warren joins Fresh Air to discuss the foreclosure problem — and what can be done about it.
The Congressional Oversight Panel was created in October 2008 to oversee the $700 billion Troubled Asset Relief Program (TARP). Warren was appointed chairwoman in the panel’s first meeting. In December 2008, Warren criticized the bailout program for lacking a clear direction or approach.
http://www.npr.org/templates/story/story.php?storyId=101611260
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